IBM uptrend remain strong and we have been holding on to it since our last report sharinghttps://www.tradingview.com/chart/IBM/9oSHA65i-IBM-Buying-on-rebound-target-200-00-over-the-long-term/
Price action shows a clear uptick above the 123.6% Fibonacci extension level and with that, we see a strong potential bullish upside as there is not strong bearish reversal at 123.6%.
Hence, we are reinitiating a buy on IBM witha target at 302.00
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.